BMW 2005 Annual Report Download - page 96
Download and view the complete annual report
Please find page 96 of the 2005 BMW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
 |
 |
95
Other investments relate primarily to invest-
ments in non-consolidated subsidiaries and to
equity investments in other entities.
Additions to investments in subsidiaries relate
to share capital increases for the companies BMW
Polska Sp. z o. o., Warsaw, BMW Financeira S.A.
Credito, Financiamento e Investimento, Sao Paulo,
and the incorporation of BMW (China) Automotive
Trading Ltd., Peking.
Disposals of investments in subsidiaries relate
mainly to the initial consolidation of BMW Auto-
motive (Ireland) Ltd., Dublin, and Parkhaus Ober-
wiesenfeld GmbH, Munich.
The BMW Group, as lessor, leases out assets
(predominantly own products) as part of its finan-
cial services business. Minimum lease payments
of euro 5,919 million (2004: euro 4,084 million)
from non-cancellable operating leases fall due as
follows:
Contingent rents of euro 2 million (2004: euro
1 million), based principally on the distance driven,
were recognised in income.The agreements have,
in part, extension and purchase options as well as
price escalation clauses.
Changes in leased products during the year are
shown in the analysis of changes in Group tangible,
intangible and investment assets on pages 90 and93.
Investments accounted for using the equity method
include the Group’s interests in the joint ventures
BMW Brilliance Automotive Ltd., Shenyang, TRITEC
Motors Ltda.,Campo Largo, and F.A.S.T. Gesellschaft
für angewandte Softwaretechnologie mbH, Munich.
The Group's interest in these joint ventures (50%
in each case), on an aggregated basis, was as
follows:
[22]Leased
products
in euro million 31.12.2005 31.12. 2004
Disclosures relating to the Income Statement
Income 463 317
Losses 461 307
Disclosures relating to the balance sheet
Non-current assets 134 124
Current assets 215 312
Equity 99 82
Non-current liabilities 85 79
Current liabilities 165 275
in euro million 31.12.2005 31.12.2004
within one year 2,908 2,075
between one and five years 3,010 2,009
later than five years 1 –
5,919 4,084
[23]Investments
accounted for using
the equity method and
other investments